Analyst initiated coverage on Penguin Solutions with a new price target
$PENG
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Technology
Analyst initiated coverage of Penguin Solutions with a rating of Neutral and set a new price target of $20.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/13/2026 | $25.00 | Buy | Goldman |
| 3/31/2025 | $20.00 | Neutral | Analyst |
| 1/7/2025 | $30.00 | Buy | Loop Capital |
| 11/18/2024 | $23.00 | Mkt Outperform | JMP Securities |
| 11/1/2024 | $21.00 | Buy | Goldman |
| 10/16/2024 | $35.00 → $25.00 | Buy | Needham |
Goldman resumed coverage of Penguin Solutions with a rating of Buy and set a new price target of $25.00
Analyst initiated coverage of Penguin Solutions with a rating of Neutral and set a new price target of $20.00
Loop Capital initiated coverage of Penguin Solutions with a rating of Buy and set a new price target of $30.00
Mark Adams to Retire as President and CEO Kash Shaikh Appointed as President and CEO Penguin Solutions, Inc. ("Penguin Solutions" or the "Company") (NASDAQ:PENG), a leading provider of high-performance computing and AI infrastructure solutions, today announced the retirement of Mark Adams as President and Chief Executive Officer and as a Director of the Company. After a thorough search process, the Board has appointed technology veteran Kash Shaikh as President and Chief Executive Officer and as a Director of the Company, effective February 2, 2026. To ensure a smooth transition, Adams will remain with the Company as an advisor for nine months. This press release features multimedia. V
Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Blizzard Lighting LLC (‘Blizzard') today announced that they have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED's patents related to LED components commonly used in LED displays. As part of the settlement, Cree LED has granted Blizzard a limited license to certain Cree LED patents covering LED components. Cree LED is firmly committed to protecting its intellectual property as part of its broader mission to drive innovation in LED display technology. As a U.S.-based industry leader with significant investments in research, development and product quality, Cree LED actively monitors
Now officially listed on the CXL Consortium's Integrators List Penguin Solutions, Inc. (Nasdaq: PENG) a leading provider of high-performance computing and AI infrastructure solutions, today announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed CXL® compliance testing. This achievement not only signifies adherence to industry standards, but positions Penguin Solutions as a trusted leader in advanced memory technology for CXL applications. Penguin's SMART Modular CXL NV-CMM E3.S 2T Memory Module is now listed on the CXL Consortium's Integrators List. This press release features multimedia. View the full release here: https://www.businesswire
DEFA14A - Penguin Solutions, Inc. (0001616533) (Filer)
8-K - Penguin Solutions, Inc. (0001616533) (Filer)
SCHEDULE 13G/A - Penguin Solutions, Inc. (0001616533) (Subject)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
4 - Penguin Solutions, Inc. (0001616533) (Issuer)
Mark Adams to Retire as President and CEO Kash Shaikh Appointed as President and CEO Penguin Solutions, Inc. ("Penguin Solutions" or the "Company") (NASDAQ:PENG), a leading provider of high-performance computing and AI infrastructure solutions, today announced the retirement of Mark Adams as President and Chief Executive Officer and as a Director of the Company. After a thorough search process, the Board has appointed technology veteran Kash Shaikh as President and Chief Executive Officer and as a Director of the Company, effective February 2, 2026. To ensure a smooth transition, Adams will remain with the Company as an advisor for nine months. This press release features multimedia. V
SC25 attendees will gain valuable insights into manageability, scalability, and performance for advanced solutions that drive enterprise AI forward Penguin Solutions, Inc. (Penguin Solutions, Nasdaq: PENG) today announced its participation at Supercomputing 25 (SC25), the international conference for high-performance computing (HPC), networking, storage, and analysis taking place in St. Louis, Missouri on November 16-21, 2025. Penguin's involvement in the event will include product demonstrations, speaking engagements, and presence on the show floor with partners. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251104689133/en/Pe
Strategic realignment underscores transformation to an AI Infrastructure Solutions Company Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) (the "Company") today announced the appointment of two new leaders: SVP and Chief Revenue Officer Tony Frey and SVP of Strategy and Corporate Development Ted Gillick. These additions are part of an updated organizational structure that is intended to accelerate growth, support product innovation, and further enable go-to-market strategies in systems, software, services, and end-to-end advanced computing solutions. "We are excited to have Tony and Ted join Penguin Solutions as we strengthen our organization for the future," said President an
SC 13G/A - Penguin Solutions, Inc. (0001616533) (Subject)
SC 13G - Penguin Solutions, Inc. (0001616533) (Subject)
Solid First Quarter Driven by Operational Excellence and Memory Growth Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ: PENG) today reported financial results for the first quarter of fiscal 2026. First Quarter Fiscal 2026 Highlights Net sales of $343 million, up 1% versus the year-ago quarter GAAP gross margin of 28.0%, down 70 basis points versus the year-ago quarter Non-GAAP gross margin of 30.0%, down 80 basis points versus the year-ago quarter GAAP diluted EPS of $0.04 versus $0.10 in the year-ago quarter Non-GAAP diluted EPS of $0.49 for the current and year-ago quarter "In Q1 we expanded our pipeline and made progress on our s
Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its first quarter fiscal year 2026 earnings after market close on Tuesday, January 6, 2026, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. The conference call can be accessed by registering online at PENG Q1 FY26 Earnings Call Webcast, at which time registrants will receive dial-in information as well as a conference ID. The live we
Fiscal 2025 Net Sales up 17% compared to the prior year GAAP EPS of $0.28, up from ($0.85) Non-GAAP EPS of $1.90, up 53% Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (Nasdaq: PENG) today reported financial results for the fourth quarter and full year fiscal 2025. Fiscal 2025 Highlights Net sales of $1.37 billion versus $1.17 billion in fiscal year 2024 GAAP gross margin of 28.8%, down 30 basis points versus fiscal year 2024 Non-GAAP gross margin of 31.0%, down 90 basis points versus fiscal year 2024 GAAP diluted EPS of $0.28 versus $(0.85) in fiscal year 2024 Non-GAAP diluted EPS of $1.90 versus $1.25 in fiscal year 2024 Fourth Quarte